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50.22 Exact Photo Service purchased a new color printer at the beginning of Year 1 for $38,400. The printer is expected to have a

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50.22 Exact Photo Service purchased a new color printer at the beginning of Year 1 for $38,400. The printer is expected to have a four-year useful life and a $3,840 salvage value. The expected print production is estimated at 1,500,000 pages. Actual print production for the four years was as follows: Year 1 Year 2 553,600 481, 300 Year 381,600 Year 4 393,600 Total 1,810,100 The printer was sold at the end of Year 4 for $4,140. Required a. Compute the depreciation expense for each of the four years, using double-declining-balance depreciation. b. Compute the depreciation expense for each of the four years, using units-of-production depreciation. c. Calculate the amount of gain or loss from the sale of the asset under each of the depreciation methods.

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